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Monetary Policy Review December 2023

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Questions and Answers

What is the purpose of the Monetary and Credit Information Review (MCIR)?

To disseminate information about new developments and policy initiatives by the Reserve Bank of India (correct)

To regulate the payment and settlement systems

To provide updates on global economic trends

To educate the general public about monetary policy

Where can the MCIR be accessed?

At any commercial bank in India

Only by attending official Reserve Bank conferences

Through a subscription-based service

By scanning the QR code or visiting <a href="https://mcir.rbi.org.in">https://mcir.rbi.org.in</a> (correct)

What is the primary focus of Shri Shaktikanta Das' Monetary Policy Statement?

Addressing unexpected events during 2020-2023 (correct)

Introducing new monetary policies for the Indian economy

Staying in touch with worldwide financial institutions

Analysis of global economic volatility

What does the Editor aim to achieve through the MCIR communication tool?

Sharing accurate and consistent information, and educating the audience Signup and view all the answers

In which section of the MCIR would one find information related to foreign exchange management?

Section V: Foreign Exchange Management Signup and view all the answers

What is the main objective of the Monetary Policy Statement?

To present the Reserve Bank's stance on monetary policy and its rationale Signup and view all the answers

What was the rationale behind the Monetary Policy Committee's decision to maintain the policy repo rate at 6.50 per cent?

To align inflation with the target while supporting growth Signup and view all the answers

What is the projected CPI inflation for 2023-24 according to the text?

5.4% Signup and view all the answers

What was the reason for the overall tightening of liquidity conditions of the Bank?

Higher currency leakage Signup and view all the answers

What did the Governor emphasize when speaking about prioritizing inflation over growth?

The importance of monitoring food inflation closely Signup and view all the answers

What was the reason for maintaining interest rates amidst uncertainties according to the text?

Global challenges Signup and view all the answers

What contributed to the overall tightening of liquidity conditions of the Bank according to the text?

Higher currency leakage Signup and view all the answers

What caused uncertainties in food prices according to the text?

Late harvest of kharif crops Signup and view all the answers

What contributed to the risks to global growth and inflation outlook according to the text?

"World trade decelerating amidst global tide of protectionism" Signup and view all the answers

What did the Governor remark as important?

"Monitoring the trajectory of food inflation closely" Signup and view all the answers

"Major central banks were maintaining interest rates amidst uncertainties." What was one of the reasons for this action according to the text?